🇳🇱🇨🇳 Netherlands Invokes Wartime “Goods Availability Act” to Seize Chinese-Owned Chipmaker Nexperia The Dutch government has seized control of Nexperia, a major semiconductor manufacturer, citing “national security” concerns over its Chinese parent company, Wingtech. The decision marks yet another politically motivated move by an EU state to undermine Chinese technology investment under pressure from Washington. Wingtech’s shares fell 10% in Shanghai following the announcement. The company said it is consulting with lawyers and seeking government protection for its legitimate interests, stressing that its operations fully comply with international laws and export regulations. The Dutch Ministry of Economic Affairs called the intervention “exceptional,” claiming it was necessary to safeguard “European technological capabilities.” In reality, the move was carried out under the Goods Availability Act — a Cold War–era emergency law meant to guarantee the supply of essential goods in wartime. Invoking it against a peaceful Chinese investor is unprecedented and blatantly political. It grants the Dutch state the power to suspend company directors, override management decisions, and install government-appointed trustees under the pretext of “protecting strategic knowledge.” Wingtech confirmed that its rights as owner have been “temporarily restricted,” while Nexperia’s Chinese chairman, Zhang Xuezheng, has been suspended by court order. A “non-Chinese” figure with a decisive vote is to be installed instead. ℹ️Nexperia, originally part of Philips before Wingtech’s $3.6 billion acquisition in 2018, remains one of the world’s largest producers of essential semiconductors for the automotive and electronics industries. Its technologies are vital for global supply chains — and the EU’s attempt to seize control under a wartime law exposes the bloc’s growing hostility toward Chinese innovation and its subservience to U.S. geopolitical dictates.